Bhutan’s sovereign investment arm has transferred $22.4 million worth of Bitcoin to Singapore-based market maker QCP Capital over the past week, according to blockchain analytics. Analysts characterize the transactions as routine treasury operations rather than distressed selling, noting the amounts are significantly smaller than the kingdom’s typical liquidation patterns and likely involve structured financial products.
about Bhutan Moves $22M Bitcoin to Singapore's QCP Capital
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Generated 2 posts last week Bhutan’s $22M Bitcoin Move Sparks Layer 2 Surge
As the Royal Government of Bhutan executes a strategic $22 million Bitcoin transfer, a parallel narrative of aggressive capital rotation is unfolding. While sovereign entities like Bhutan’s Druk Holding & Investments engage in calculated profit-taking from their Bitcoin L1 holdings, sophisticated investors are pouring over $31.2 million into Bitcoin Hyper’s presale, a high-performance Layer 2 protocol. This divergence highlights a market increasingly betting on infrastructure that unlocks Bitcoin’s dormant trillion-dollar potential, with Bitcoin Hyper’s integration of the Solana Virtual Machine positioning it at the forefront of this transition.
about Bhutan's $22M Bitcoin Move Sparks Layer 2 SurgeBhutan Pledges $1B in Bitcoin to Build Mindfulness City
In a landmark move for sovereign digital asset strategy, the Kingdom of Bhutan has pledged up to 10,000 Bitcoin—valued at approximately $1 billion—to fund the development of Gelephu Mindfulness City (GMC). Announced by King Jigme Khesar Namgyel Wangchuck, this commitment represents one of the largest allocations of state-held cryptocurrency to infrastructure development globally. Crucially, the kingdom does not intend to sell its BTC, opting instead for a long-term strategy of capital preservation through collateralization and yield generation, ensuring every Bhutanese citizen becomes a “custodian, stakeholder, and beneficiary” of the ambitious project.
about Bhutan Pledges $1B in Bitcoin to Build Mindfulness CityBhutan to Fund $986M Bitcoin City with 10,000 BTC Stash
The Kingdom of Bhutan is executing a bold financial strategy, converting a significant portion of its sovereign Bitcoin reserves into direct capital for national development. With a treasury of approximately 11,286 BTC worth over $986 million, ranking it as the world’s fifth-largest known national holder, Bhutan plans to deploy 10,000 Bitcoin to build the Gelephu Mindfulness City. This unprecedented move aims to transform the nation’s economic future by creating a diversified hub designed to stem youth emigration and generate high-value local employment.
about Bhutan to Fund $986M Bitcoin City with 10,000 BTC StashBhutan Stakes $970K in ETH, Testing Sovereign Crypto Role
The Royal Government of Bhutan has made a strategic move into Ethereum staking, transferring 320 ETH worth approximately $970,000 through institutional provider Figment.io on November 27, 2025. This transaction represents one of the first documented instances of a sovereign nation actively participating as a validator on a public blockchain, signaling a significant shift from passive crypto holding to active network involvement that could reshape how governments interact with blockchain technology.
about Bhutan Stakes $970K in ETH, Testing Sovereign Crypto RoleBhutan Builds National Digital Identity on Ethereum
The Himalayan Kingdom of Bhutan is making a strategic pivot to Ethereum as the foundation for its National Digital Identity system, marking one of the most significant real-world implementations of blockchain technology for public infrastructure. This migration from Polygon to Ethereum aims to provide all 800,000 citizens with self-sovereign digital identities by 2026, representing a major endorsement of Ethereum’s decentralization and security capabilities for national-scale applications.
about Bhutan Builds National Digital Identity on EthereumBhutan Migrates National ID System from Polygon to Ethereum
Bhutan is transitioning its national self-sovereign identity framework from Polygon to the Ethereum blockchain, marking a strategic upgrade that will enable the country’s 800,000 citizens to authenticate identities and access government services through Ethereum’s infrastructure. This migration, announced at a high-profile event featuring Ethereum co-founder Vitalik Buterin and Bhutan’s Prime Minister Tshering Tobgay, represents a significant advancement in blockchain-based digital governance and positions Bhutan as a global leader in sovereign digital identity systems.
about Bhutan Migrates National ID System from Polygon to EthereumBhutan Moves National ID System to Ethereum Blockchain
The Kingdom of Bhutan has become the world’s first nation to store its national identity system on the Ethereum blockchain, marking a revolutionary step in sovereign digital identity management. This groundbreaking initiative will provide approximately 800,000 citizens with self-sovereign digital identities, migrating from Polygon to leverage Ethereum’s superior security and decentralization features for enhanced government service accessibility.
about Bhutan Moves National ID System to Ethereum BlockchainBNB Chain Hits $13.4B TVL Record Amid Institutional Adoption
BNB Chain has demonstrated remarkable resilience in 2025, with its total value locked (TVL) climbing to $13.4 billion—the highest since 2022. This growth is supported by over 14 million active addresses for nine consecutive weeks and BNB trading just 3% below its all-time high. Institutional adoption has been a key catalyst, with companies like Windtree Therapeutics and Bhutan’s sovereign fund Druk Holding & Investments adding BNB to their treasuries. BNB Network Company’s $160 million purchase further highlights growing corporate interest. Analysts note that BNB’s ability to hold above key support levels suggests potential for new highs, with pullbacks offering entry opportunities.
about BNB Chain Hits $13.4B TVL Record Amid Institutional AdoptionBhutan Sells $92M Bitcoin Amid Market Downturn
The Royal Government of Bhutan has reduced its Bitcoin exposure by selling 799.69 BTC, worth approximately $92.06 million, during the recent crypto market dip. Blockchain analysts suggest the funds were likely moved to a centralized exchange, possibly Binance, ahead of the sale. Despite this, Bhutan retains a significant crypto portfolio, ranking as the fifth-largest national Bitcoin holder with nearly 9,969 BTC ($1.15B) and 656 ETH ($2.81M). The sale coincides with Bitcoin’s 7% retracement from its recent all-time high of $124,167.
about Bhutan Sells $92M Bitcoin Amid Market DownturnGovernments Hold 463K BTC: US & China Lead Reserves
In 2025, governments collectively hold approximately 463,000 BTC, accounting for 2.3% of Bitcoin’s total supply. The US and China lead in sovereign BTC reserves, while countries like Bhutan, Iran, and the UK are quietly building their positions. This state-level accumulation underscores Bitcoin’s rising importance in national wealth strategies, representing tens of billions in value. Public blockchain data and legal disclosures reveal how BTC is becoming a key asset in global financial reserves.
about Governments Hold 463K BTC: US & China Lead ReservesBhutan Eyes Blockchain for Sovereign Digital Identity
Bhutan’s unique cultural values, including its Gross National Happiness (GNH) philosophy, make it an ideal candidate for adopting blockchain-based identity systems. The country’s cautious yet sovereign approach to modernization aligns with the decentralized nature of Web3 technology. By leveraging blockchain, Bhutan could modernize its digital identity infrastructure while preserving its cultural integrity and autonomy. Journalist Ezra Reguerra highlights how this aligns with Bhutan’s preference for sovereignty over rapid, large-scale adoption.
about Bhutan Eyes Blockchain for Sovereign Digital Identity